Taiwan Power Company

The Taiwan Power Company (Taipower; Chinese: 台灣電力公司; pinyin: Táiwān Diànlì Gōngsī) is a state-owned electric power industry providing electricity to Taiwan and off-shore islands of the Republic of China.

Taiwan Power Company
台灣電力公司[1]
96.92% government, 3.08% public
ISINTW0009963009 
IndustryElectric power
Founded1 May 1946
Headquarters
Taipei City
,
Taiwan
Area served
Taiwan, Penghu, Kinmen, Lienchiang
Key people
Chu Wen-chen (Chairman)
Chu Wen-chen (President)[2]
Chen Pu-tsan (Vice President)[3]
RevenueNT$ 547,164 million (2012)[4]
Total assetsNT$ 1,624,314 million (2012)
Total equityNT$ 282,642 million (2012)
Number of employees
27,261 (2012)
ParentMinistry of Economic Affairs
Websitewww.taipower.com.tw

History

Taipower was established on 1 May 1946. In 1994 a measure which allowed independent power producers (IPP's) to provide up to 20 percent of Taiwan's electricity should have ended the monopoly.[5] On 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated services called Water and Power Associated Service that accepts summary transactions between the two utilities. On 11 October 2012, the Economics Committee of the Legislative Yuan cut Taipower's budget for power purchases from IPP.[4]

In July 2015, the Executive Yuan approved the amendments to the Electricity Act which were proposed by the Ministry of Economic Affairs, which will divide Taipower into two separate business groups in the next five to nine years: a power generation company and a power grid company. The measures were taken to improve efficiency within the company and to encourage positive competition within the industry.[6]

On 20 October 2016, the Executive Yuan passed an amendments to the Electricity Act according to which Taipower will be divided into subsidiary companies in 6–9 years.[7]

Operations

Taipower operates all of Taiwan's two active nuclear power plants. It also operates coal power plants, but these are planned to be shut down in favor of natural gas turbines.[8]

The company is expecting its first deliveries of liquefied natural gas (LNG) in 2023 as Taipower is moving away from coal for power generation.[9]

Financials

As of 2019, Taipower is the only Taiwanese state-owned company that is losing money, reporting a loss of NT$29.7 billion (US$955 million) during the first six months of 2019, a minus of NT$5.7 billion compared to the same period of 2018.[10] The company attributed this on rising fuel prices and various anti-pollution measures which increased the costs of energy production.[10]

Taiwan Power Company headquarters
Department of Maintenance
Taiwan Power Research Institute

Organizational structure
  • Taiwan Power Research Institute
  • Committees
  • Department of Nuclear and Fossil Power Projects
  • Legal Affairs Office
  • New Business Development Office
  • Department of Civil Service Ethics
  • Department of Human Resources
  • Department of Accounting
  • Department of Industrial Safety
  • Department of Public Relations
  • Department of Environmental Protection
  • Department of Information Management
  • Department of Construction
  • Department of Power Development
  • Department of Finance
  • Department of Materials
  • Department of Fuels
  • Department of System Operations
  • Department of Corporate Planning
  • Secretariat
  • Distribution and Service Division
  • Transmission System Division
  • Nuclear Power Division
  • Power Generation Division[11]

Headquarters building

Taipower headquarters is housed in a 27-story building located in Zhongzheng District, Taipei. Completed in 1983, it was then the tallest building in Taiwan and the first building to surpass the 100 meter height.[12]

See also

References
  1. "Archived copy" (PDF). Archived from the original (PDF) on 2016-03-03. Retrieved 2013-03-10.CS1 maint: archived copy as title (link)
  2. "Chu Wen-chen takes Taipower helm". Taipei Times. 2014-05-03. Retrieved 2014-05-10.
  3. "Fukushima disaster could not happen here: officials". Taipei Times. 2014-05-03. Retrieved 2014-05-10.
  4. "錯誤畫面 - 台灣電力股份有限公司". www.taipower.com.tw.
  5. "Taiwan, Electric Power". Energy Information Administration (EIA). August 19, 2005. Archived from the original on December 15, 2006. Retrieved 2006-12-13.
  6. "Taipower to be torn apart in attempt to improve efficiency".
  7. "Cabinet approves Taipower break up - Taipei Times".
  8. "Taipower takes steps to cut coal consumption at Taichung plant | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS". focustaiwan.tw. Retrieved 2019-11-28.
  9. "Taipower expects to start LNG imports from 2023". Reuters. 2019-03-07. Retrieved 2019-11-28.
  10. News, Taiwan. "Taiwan state utility Taipower sees losses esc..." Taiwan News. Retrieved 2019-11-28.
  11. "Organization Chart of Taiwan Power Company". Taiwan Power Company. Retrieved 22 April 2019.
  12. "Taipower headquarters earns highest-level green building certification". Taiwan Today. 9 May 2018. Retrieved 22 April 2019.

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